Learn more about relocating or expanding to Maine

Maine business climate, manufacturer incentives, and advantages of ME communities

Relocate or Expand to Maine - U.S. Industrial Expansion & Relocation Guide for Manufacturing Companies - Learn more about the Maine business climate, manufacturer incentives, and advantages of ME communities. Helping decision makers at U.S. manufacturing establishments find new locations to relocate or expand.
Maine Business Data*

Maine

Population: 1,318,301
Total Labor Force: 709,600
Unemployment Rate: 6.2%
Number of Manufacturers: 2,147
Manufacturing Jobs: 63,032
Right to Work: No
Unemp. Ins. Tax: .867.95%
 
Corporate Income Tax:
Graduated: 3.5% for $0-$25,000; 7.93% for $25,000-$75,000; 8.33% for $75,000-$250,000; 8.93% on $250,000 and above.

Sales Tax:
5%

Property Tax:
Varies by county and municipality. Both real and personal properties are taxed.

Leading Manufacturing Industries:
(by % of total manufacturing employment)
15% Transportation equipment
11% Food and kindred products
10% Paper and allied products
10% Lumber and wood products
8% Industrial machinery and equipment

Largest Manufacturing Establishments:
(by number of employees)
Bath Iron Works (Bath) - 5,300
IDEXX Laboratories, Inc. (Westbrook) - 1,800
Pratt & Whitney (North Berwick) - 1,280
Verso Paper Corp. (Jay) - 862
Fairchild Semiconductor International, Inc. (South Portland) - 850
NewPage Corp. (Rumford) - 850
 
Counties with the Most Manufacturing Jobs:
Cumberland - 18,996
York - 7,850
Androscoggin - 7,571
Penobscot - 6,195
Sagadahoc - 5,921

Cities with the Most Manufacturing Jobs:
Portland - 5,981
Bath - 5,429
Westbrook - 3,724
Auburn - 3,520
South Portland - 2,751

Manufacturing Related Business Incentives:
Business Equipment Tax Reimbursement
Tax Increment Financing (TIF)
Employment Tax Increment Financing
Pine Tree Development Zones
Technology Tax Credits
Community Development Block Grant Program (CDBG)
Maine Technology Institute (MIT) Funding
Small Enterprise Growth Fund
State Small Business Credit Initiatives
Economic Recovery Loan Program
Regional Economic Development Revolving Loan Fund
Agricultural Marketing Loan Fund
Maine Seed Capital Tax Credit Program
Maine Economic Development Venture Capital Revolving Investment Program
Major Business Expansion Bond Program
Revenue Obligations Securities Program
Secondary Market Taxable Bond Program; Secondary Market Tax-Exempt Bond Program
Business Equipment Tax Exemption Program (BETE)




Looking to reach Maine manufacturers? Access the Maine Manufacturers Database compiled by MNI.



*Manufacturing stats updated on 3/18/2014. All other stats updated on 3/18/2014. Listings updated on 4/23/2014.

a service of Manufacturers' News, Inc. - directories & databases since 1912